Tag: pounds dollars

The pounds to dollars pair continued its recent sideways consolidation once again yesterday, ending the currency trading session with a relatively wide spread down candle closing at 1.6040, just below the 14 day moving average once again. Whilst the euro dollar has fallen sharply as...

Unlike the euro vs dollar, the pounds to dollars pair has recovered much of yesterday’s lost ground which saw cable extend losses for a third trading session ending as wide spread down candle with small wicks to both the top and bottom. Yesterday’s price action...

The pounds to dollars pair closed last week on a mildly negative tone with Friday’s candle ending as a relatively wide spread down candle as the pair pushed further into the deep price candle between USD1.60 and USD1.67. Friday’s pullback was prompted by a minor...

The pounds to dollar pair has finally pulled away from the USD1.60 price level following yesterday’s FED statement ending the forex trading session as a relatively wide spread up candle closing at USD1.6106 and as such holding above the key USD1.6089 price handle. As such...

The pounds to dollars pair surged higher in yesterday’s trading session ending as a wide spread up candle which closed above all four moving averages once again and ended the forex trading session at USD1.5961, just shy of the USD1.60 psychological level. The key to...

The British pound continues to be one of the worst performers agains the US dollar and despite the resumption of chronic US dollar weakness which we have seen over the past few weeks, cable continues to remain waterlogged and failing to take advantage of the...

An interesting couple of days for the pounds to dollars pair which fell sharply yesterday (along with most other dollar pairs and commodities) as the Chinese interest rate decision rippled across the markets, before bouncing back today, much as expected, following the long awaited spending...

An interesting signal on the pounds to dollars pair on the daily chart which ended on Friday as a deep shooting star candle which momentarily breached the USD1.60 price handle before closing back below at the original open of the day and forming a perfect...

The pounds to dollars pair continues to climb higher, albeit in a relatively muted manner, with yesterday’s narrow spread up candle exhibiting a degree of weakness as characterised by a deep upper wick to the body of the candle. However, this has failed to convert...

The pounds to dollars pair once again appears exhausted as it approaches the USD1.6000 price handle, repeating the pattern that we saw back in early August, which saw the pair retrench to test the USD1.53 price region before recovering. Whether this pattern is repeated once...